Consumers Won’t Be Comfortable with Higher Inflation – Ep. 351

Consumers Won’t Be Comfortable with Higher Inflation – Ep. 351

Fed is Willing to Tolerate Higher Inflation
Today is the first Friday in May and that means we got the April Jobs Report released today, and before I actually get into the details of the jobs report, I want to talk about what happened with the Fed this week. I think that is the most significant news of the week. The Fed's statement on Wednesday and the comments from today are the real reasons we had the 300+ point rally in the Dow today, that's why we had the 400+point turnaround in the Dow on Thursday. It's all about the Fed and its willingness to tolerate higher inflation.
Fed Inserted the word "Symmetrical"
So we got the FOMC announcement on Wednesday after their 2-day meeting, and as expected, they left interest rates unchanged. The most significant part of the statement that accompanied the Fed's decision not to raise rates was inserting the word, "symmetrical" in their description of inflation. Up until Wednesday, the Fed was always worried that we didn't have enough inflation. The inflation rate was too low, and their goal was to get it up to their 2% level.
We Can Go Above 2% to the Same Extent We Were Below 2%
Now the Fed is saying that they are at 2% and they expect the rate to actually go above 2%, and they're OK with it. What they mean by symmetrical is that inflation was below 2%, at least the way they measure it. It's probably always been well above it, but let's just look at the government statistics. Based on the government statistics we had inflation of 1.4, 1.5, 1.6; it was always below 2. So now what they're saying is we can have some symmetry on the upside, meaning, all right, we can have 2.5, because 2.5 and 1.5. the average is 2.
The Fed is Actually Lifting Their Inflation Target
So what the Fed is really saying is their goal is not to have 2% inflation, their goal is to have inflation that averages 2%. So if we've had inflation of under 2% for all these years, we can have inflation of over2% by the same proportion for the same number of years and they we would have averaged 2% inflation for the entire time. So, in reality, what the Fed is really doing, and I have been saying this all along - for years and years - they are actually lifting their inflation target.



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Unemployment and Prices Rising Together – Ep 710

Unemployment and Prices Rising Together – Ep 710

* Inflation spilling into the labor market. * Pressures pushing dollar down and costs up. * What does Basel III mean for gold? * CNBC pundits are as clueless now as they were in 2006 and 2007. Go to https://Bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

2 Juli 202144min

Government Protected Monopolies Are the Only Ones to Fear – Ep 709

Government Protected Monopolies Are the Only Ones to Fear – Ep 709

* Facebook anti-trust case thrown out of court. * Breaking up monopolies protects the competitors, not the consumers. * John D. Rockefeller’s Standard Oil was a perfect model of free market efficiency. * Consumers are indirectly price gouged by labor unions. * Labor unions destroyed jobs and wages for laborers. * Government unions should be illegal. * San Francisco buys $70,000 tents for the homeless. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through Sept. 30, 2021. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

30 Juni 202158min

Everything Is Awesome Because the Fed Says so – Ep 708

Everything Is Awesome Because the Fed Says so – Ep 708

* Bond market sells off for opposite reason it rallied a week prior. * Institutions are not rushing in to buy #Bitcoin. * Huge Socialist agenda moving forward using #covid as the excuse. * #Biden vows to grow government and use it against entrepreneurs and small business owners. * We’ve barely begun to pay the piper for all the inflation the Fed has created. Thanks Tru Niagen. Get 10% off your first purchase as a new customer by going to https://www.truniagen.com/peter with the promo code PETER RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

27 Juni 202147min

Political Hypocrisy on Inflation Lets Fed Escape Blame – Ep 707

Political Hypocrisy on Inflation Lets Fed Escape Blame – Ep 707

* Fed triples its estimated duration of transitory inflation. * Republicans have no credibility to criticize government spending and money printing. * Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation. * Jerome Powell refuses to acknowledge whether being paid more to not work discourages employment. * Republicans won’t put blame on the Fed, because they benefit more from blaming the Democrats. * Maxine Waters praises Jerome Powell on his irresponsible leadership. Redeem your free trial at https://Literati.com/Gold RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

25 Juni 20211h 1min

Investors Call Bullard Bluff – Ep 706

Investors Call Bullard Bluff – Ep 706

* Markets begin to comprehend the Fed’s powerless against inflation. * Oil prices may put the nail in the coffin of transitory inflation. * Crypto traders unload their Bitcoin on Microstrategy.
Microstrategy’s diamond hands are made of glass. * Barry Silbert hesitates on buying GBTC shares. * Tesla’s Bitcoin gamble enters into the red. * Government creating moral hazards in rental housing markets. * Why pay your rent when the government will pay it for you? * The government has become our master and we’re all its servants. * Liberals care about stacking the deck, not fairness. Free $75 credit to upgrade your post at https://Indeed.com/Peter. Terms and conditions apply. Offer valid through June 30, 2021. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

22 Juni 20211h 4min

Juneteenth Is Only the Beginning – Ep 705

Juneteenth Is Only the Beginning – Ep 705

* Democrats using racism to pass the legislation they’ve always wanted. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

19 Juni 202141min

The Fed’s “No Stick” Monetary Policy – Ep 704

The Fed’s “No Stick” Monetary Policy – Ep 704

* Jim Bullard undoes Jerome Powell’s damage control. * Fed goes from not thinking about thinking about raising interest rates to now talking about talking about raising interest rates. * Fed’s monetary tightening is as believable as George Costanza’s house in The Hamptons. * Bitcoin looks for lower support. Thanks Clear. For a limited time, get your first two months of Clear for free by going to https://Clearme.com/GOLD2 and use the promo code GOLD2 RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

19 Juni 202151min

Inflation Doves Coming Home to Roost – Ep 703

Inflation Doves Coming Home to Roost – Ep 703

* Trade data uncovers what the CPI was hiding. * Fed acknowledges the obvious; inflation is higher than 2%. * Fed gives no indication of taper plans. * Jerome Powell out-doves himself again. * Paul Tudor Jones gets a gift from the Fed. * JP Morgan does not believe inflation is mandatory. * Economy has a collision course coming with reality. Go to https://Bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

17 Juni 202140min

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